Company law
This query is : Resolved
17 March 2011
is compliance certificate is to be tken if paid up capital > or = 2 crores but less than 5 crs.? .
17 March 2011
Every Company not required to employ a whole time secretary under sections 383A(1) and 642(1) of the Act and having a paid-up share capital of Rs. 10,00,000/- or more but less than Rs. 5,00,00,000/- (w.e.f. 15-03-2009 as per notification dtd 05-01-2009) shall obtain a Secretarial Compliance Certificate from a company secretary in whole time practice and shall be laid by the company in its annual general meetin
17 March 2011
Get Mandatory Compliance Certificate:
* if your share capital is between 10 lakhs & 2 crores;
* if your share capital is between 2 crores & 5 crores and you have not appointed whole time company secretary.
Mandatorily appoint a Whole Time Company Secretary:
* if your share capital is between 2 crores & 5 crores and you have not got the Compliance Certificate;
* if your share capital is above 5 crores.
And, NO special provisions for Companies having its registered office in a place with a population of less than one lakh as per 2001 census.
* if your share capital is between 10 lakhs & 2 crores;
* if your share capital is between 2 crores & 5 crores and you have not appointed whole time company secretary.
Mandatorily appoint a Whole Time Company Secretary:
* if your share capital is between 2 crores & 5 crores and you have not got the Compliance Certificate;
* if your share capital is above 5 crores.
And, NO special provisions for Companies having its registered office in a place with a population of less than one lakh as per 2001 census.
18 March 2011
1) Share capital below 10 lakh--No compliance certificate required and no need to appoint CS either.
2) Share capital 10 Lakh to 2 Crore---Get Mandatory Compliance Certificate
3) Share Capital 2 Crore to 5 Crore---Either appoint a CS or Get Mandatory Compliance Certificate.
4)Share capital more than 5 Crores---Have to Appoint Company Secretary
Hope it makes it clear.
2) Share capital 10 Lakh to 2 Crore---Get Mandatory Compliance Certificate
3) Share Capital 2 Crore to 5 Crore---Either appoint a CS or Get Mandatory Compliance Certificate.
4)Share capital more than 5 Crores---Have to Appoint Company Secretary
Hope it makes it clear.
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